What caused Bitcoin goes down very hard recently?

[Crislyn4116]

Some of the whales spread a bad news about bitcoin. So the weak hands people scared about the news and sell there holdings. And other country banned bitcoin so the community becomes less. The the bitcoin is still standing waiting of the correction and it will pump.

[darewaller]

The reason why the bitcoin price goes down very hard. Some of the people knows bitcoin that want to buy in a low price they are could whales. Whales is the people who have more holdings. They spread a news that want to down the bitcoin so the newbie or a weak hands people sell there bitcoin so the price is going down. And also the korea banned bitcoin.

Without the people who are getting greedy all the time and are so naïve when it comes to investment, the whales would not really be having a lot of moves in the market. However, we are still in the early stage where so many people would obviously want to tap from the whole idea and some would always want to get rich quickly and the latter are always the target in every market. Those who understand all these will always use the moment of dips to buy more.

Some of the whales spread a bad news about bitcoin. So the weak hands people scared about the news and sell there holdings.

It has always been their way and it would always be. Weak hands are there to serve that purpose for them and as long as that keeps happening, the whales will keep winning and getting richer while the weak hands keep getting poorer and complaining for the rest of their lives. One thing with the market is that it is still very volatile since we are still in the adoption phase and people keep getting greedy and that would keep making it highly volatile until further notice.

[gabmen]

There is many reason of bitcoin down very hard recently.The main reason is japan and korians buyers lack.Many country banned bitcoin for his country.Most importantly Asian all country say negative news about bitcoin.

Dude are you updated with the recent crypto news? Bitcoin by the way is currently in a positive trend and no recent fud came out from either of the coutries you've mentioned. And aside from mt gox issue, there hasn't been any considerable fuds this month

[henry1997]

There were many reasons for so but mostly the panic caused as many social media sites and even countries started banning the trade the demand drastically landed going down. Many countries marked it as an illegal trade too. So a lot of times it becomes hard for BTC to stay up and keep growing with stability. There is reason to believe that the recent downturn in the value of bitcoins has had a big impact on the continued ban in countries such as Japan, South Korea, China and India. In addition, the boom of bitcoin led to new investors joining the cryptocurrency-subjective. They collapsed when the bitcoin value plunged $ 3000- $ 5,000 just about 2 weeks. It made them scared and sold the BTC.

[carlisle1]

Bitcoin is going down very hard till now after touch ATH last year. Any idea what caused it? And what the impact to other altcoins? Any opinion when bitcoin will be rise up again?

Feel free to answer my questions and thanks for your participation.

Dont bother about the price drops,because it always followed by price growth.

This is a normal scenario nowadays and we have no power to stop this,what we can do is just go witj the flow,dont put big investments just do it little by little and be particular in timing of investing

[bearexin]

Bitcoin is going down very hard till now after touch ATH last year. Any idea what caused it? And what the impact to other altcoins? Any opinion when bitcoin will be rise up again?

Feel free to answer my questions and thanks for your participation.

Dont bother about the price drops,because it always followed by price growth.

This is a normal scenario nowadays and we have no power to stop this,what we can do is just go witj the flow,dont put big investments just do it little by little and be particular in timing of investing

This is some really wise words and made me muster up courage again for supporting bitcoin. Indeed, we cannot go for changing the market all the way in few moments but all that is in our hands is to help bitcoin in doing so by keep investing into it. This is going to change our patience into a reward. It is better to stay patient over things that we cannot change than mourning over them and regretting.

[EnricoGomez]

There are a multiple reasons to why the value of bitcoin goes down.
Panic sellers easily give in to wrong and false speculations, they raise the supply - the value depends on the demand/supply scheme.
Also because of the influence of the policies of their government which mostly is negative at present.

It has a great potential though, it will rise.
Not to worry especially if you are investing in the long-term.

[romero121]

There are number of reasons that led to the price drop, and within certain time interval it gets recovered which is the common thing. In specific there is none to give a perfect reason for the recent price drop, all that happening is unpredictable. At times we see growth at unexpected times. As a beginning the forward push has got initiated with the recent pump above $7500.

[Bustart]

There are number of reasons that led to the price drop, and within certain time interval it gets recovered which is the common thing. In specific there is none to give a perfect reason for the recent price drop, all that happening is unpredictable. At times we see growth at unexpected times. As a beginning the forward push has got initiated with the recent pump above $7500.

Indeed! No single factor that affects the price to fluctuate, it could be due to banning issue, fake information, and more. But I believe that instead of focusing on what causes the drop, it is more important to think positive, think for the better, keep calm, accept the fact that the presence of volatility is always there. It's our response to the situation that matters, it's the patience, the way we take a look at the brighter side even the situation is unfavorable, and our faith that market can soar high again, that it can get back on track.

[Chachacoin17]

Bitcoin is going down very hard till now after touch ATH last year. Any idea what caused it? And what the impact to other altcoins? Any opinion when bitcoin will be rise up again?

Feel free to answer my questions and thanks for your participation.

Dont bother about the price drops,because it always followed by price growth.

This is a normal scenario nowadays and we have no power to stop this,what we can do is just go witj the flow,dont put big investments just do it little by little and be particular in timing of investing

I agree! There's nothing wrong in determining the cause of how price goes down, because it gives us more awareness on how market moves, but I don't think it's helpful if we focus more on it, the more we can't think and decide creatively. The rise and fall in price is very uncertain, a lot of factors to consider like media influence and more. We can't control its movement but we can control our responses by taking a different path and make use of our time to be productive. By taking advantages on the dump, becoming more strategic, learning to deal volatility, and be positive that if things don't turn out to be good this time, it will find its way to be better the next time.

[MuhNofa]

I think the cause is that so many countries are banning bitcoin from being used in their country like China, so bitcoin investors in that country have to sell all its bitcoins and keep the price down. and the effects for altcoin I do not think there's any effect whatsoever, and the estimates for bitcoin rise again I think later in 2018

[KorakPawon]

yes because there is a big mafia who is playing so Do not be interested in Invest Bitcoin business on the internet now because it is better if we collect bitcoin by way of looking from the faucet but do not be afraid bitcoin prices continue to fall, while we are still using bitcoin because then bitcoin will continue to be valuable

[maemunah]

certainly that causes the declining bitcoin price is by the number of negative news out there that concerns about bitcoin and other crypto currencies. but do not hesitate because bitcoin is now starting to push the price

[Morgann]

Bitcoin is going down very hard till now after touch ATH last year. Any idea what caused it? And what the impact to other altcoins? Any opinion when bitcoin will be rise up again?

Feel free to answer my questions and thanks for your participation.

The only reason for bitcoins to lost its popularity is the fud or fake news that is generated by different individuals, the price is also increasing because of the popularity dealt by different social media's.

[mendasuci]

of course no one knows when bitcoin will rise again but if you look at bitcoin graph year before year may end of year will back up